đ¨ SEC JUST PROPOSED A NEW CRYPTO CUSTODY FRAMEWORK
The SEC is proposing new rules for how investment advisers and regulated funds can custody crypto.
The proposal would allow:
⢠Limited self-custody in certain situations
⢠State trust companies to act as crypto custodians
⢠Updated custody, audit and recordkeeping requirements
$BTC
$ETH
$AVAX
Why it matters:
Institutional investors have faced uncertainty around how crypto can legally be held for clients.
This proposal could create a clearer compliance path â but itâs still only a proposal, not a final rule.
The public will get 60 days to comment after publication in the Federal Register.
Could this make institutional crypto adoption easier? đ
The SEC is proposing new rules for how investment advisers and regulated funds can custody crypto.
The proposal would allow:
⢠Limited self-custody in certain situations
⢠State trust companies to act as crypto custodians
⢠Updated custody, audit and recordkeeping requirements
$BTC
$ETH
$AVAX
Why it matters:
Institutional investors have faced uncertainty around how crypto can legally be held for clients.
This proposal could create a clearer compliance path â but itâs still only a proposal, not a final rule.
The public will get 60 days to comment after publication in the Federal Register.
Could this make institutional crypto adoption easier? đ
